Jan 22, 2025 04:07 PM IST
Union Price range 2025: Whereas the price range is generally offered by the finance minister, there are uncommon events when the PM may additionally flip up to take action.
Finance minister Nirmala Sitharaman will current the Union Price range 2025 within the parliament on February 1.
Union Price range 2025: FILE: Union finance minister Nirmala Sitharaman carrying the Price range pill wrapped in a standard ‘Bahi Khata’ model pouch as she arrived at Parliament to current the interim Price range 2024.( ANI)
Whereas the price range is generally offered by the finance minister, there are uncommon events when another person may additionally flip up to take action. Even the Prime Minister.
Whereas in quite a few instances, a finance minister went on to turn out to be the PM after some years, there have been three events when a Prime Minister offered the Union Price range within the parliament, largely as a result of they held the finance portfolio. The primary time it occurred was in 1958 whereas the final time a PM gave a price range speech was in 1987.
Whereas the nation waits for the Union Price range 2025, here’s a record of Prime Ministers who offered the price range throughout their time period as the top of the cupboard.
When Prime Minister offered the Union BudgetJawaharlal Nehru (1958)
Jawaharlal Nehru was India’s first prime minister, serving from 1947 till his loss of life in 1964. He was additionally the primary Indian PM to current the Union Price range, which he offered in 1958. TT Krishnamachari, the then-finance minister, was compelled to resign on February 12 of the identical yr after particulars of the Mundhra Scandal grew to become public, forcing Nehru to take cost of the finance ministry.
Additionally learn: Union Price range 2025: Who has offered price range probably the most variety of occasions?
Morarji Desai was made the finance minister quickly after the price range and served until August 1963.
Indira Gandhi (1970)
The second time, Jawaharlal Nehru’s daughter Indira Gandhi offered the price range as Prime Minister. She took management of the finance ministry after Morarji Desai resigned in 1969 after his second stint and offered the Union Price range 1970. After a yr, she subsequently appointed House Minister Yashwantrao Chavan because the finance minister.
Additionally learn: Price range 2025: How is the brand new earnings tax slab totally different from previous model?
Rajiv Gandhi (1987)
Rajiv Gandhi briefly headed the finance ministry between January and July 1987 and offered the 1987 price range, changing into the third Indian PM to take action. After the Bofors scandal exploded, Gandhi eliminated VP Singh from his place as finance minister.
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